Tuesday, August 14, 2012

Woww Germany 2Q GDP Rose 0.3 Percent, U.S. Retail Sales Up 0.8 Percent In July, Investors Heading Positive Sentiments

Another economic data from Eurozone we reporting, German, French 2Q GDP Tops Expectations, The German economy grew more than expected in the second quarter, supported by domestic consumption and net exports. Meanwhile, the French economy stalled for a third successive quarter due to weak demand both at home and abroad.
The German gross domestic product rose 0.3 percent quarter-on-quarter in the second quarter, while expectations were for 0.2 percent growth. This followed a 0.5 percent GDP expansion in the first quarter and a 0.1 percent contraction in the fourth quarter of 2011

British economic news, UK Inflation Rises Unexpectedly In July, British inflation bounced back unexpectedly in July as the impact of heavy summer discounting earlier than usual this year started to fade
From Berlin we reporting, German ZEW Investor Sentiment Weakest Since December, German investor confidence unexpectedly declined for the fourth straight month in August to its lowest level so far this year on increasing concerns over economic slowdown and the consequent weakness in exports.
Meanwhile, the second quarter GDP data released earlier in the day helped to soothe some nerves as it showed the biggest euro area economy growing more than expected, supported by domestic consumption and net exports
Latest update from Eurozone we reporting, Eurozone Contracts For Second Time In Three Quarters, The Eurozone economy contracted for the second time in three quarters as expected, despite the two biggest economies of the region showing some resilience, lifting possibilities of a recession going forward, official data showed Tuesday. According to the flash estimate of Eurostat, gross domestic product of the 17-nation economy fell 0.2 percent from the previous quarter. The flat reading in the first quarter helped the region to skirt a recession.
What a great data, U.S. Retail Sales Up 0.8 Percent In July, Higher Than Expected, U.S. retail sales posted an unexpectedly strong rebound in July despite a contraction in June that was worse than initially reported, according to figures released Tuesday by the Commerce Department.
According to data, Overall U.S. retail sales were up 0.8 percent in July to a seasonally adjusted level of $403.9 billion, a notably stronger growth than the 0.3 percent predicted by most economists. However, June retail sales figures which had initially shown a 0.5 percent decline




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